Choose the jurisdiction which best suits your needs
Procedures to incorporate
Cyprus is the third largest island in the Mediterranean after Sicily and Sardinia.
Located in the north-eastern end of the Mediterranean Sea Cyprus is effectively a crossroads linking Europe, Asia and Africa. It covers an area of 9,251 sq km and lies 65 km south of Turkey, 96 km west of Syria, 385 km North of Egypt and some 980 km south-east of Athens. The capital is Nicosia. The principal topographical features of Cyprus are the two mountain ranges running along the centre and north-east of the Island, separated by a wide and fertile plain. Cyprus has a pleasant climate with dry, hot summers and mild winters.
Procedure to incorporate: By submission of the Memorandum and Articles of Association to the Registrar of Companies, together with an affidavit before a Court and the appropriate registration fee. The powers and objects of a Cyprus Company are contained within the Memorandum & Articles of Association and have to be specific.
Restrictions on Trading: Cannot undertake to the business of banking, insurance or the rendering of financial services to the public unless special permission is granted. Companies cannot trade with resident individuals or companies situated in Cyprus.
Compliance – Key Corporate Features
- Type of entity – Private (Resident/Non-Resident)
- Type of Law – Common
- Shelf company availability – Yes
- Our time to establish a new company – 5 days
- Minimum government fees (excluding taxation) – €350
- Corporate taxation (i) Resident Limited: 12.5%; (ii) Non-Resident – 0%
- Double taxation treaty access – Yes
The minimum number of directors is One. They may be natural persons or bodies corporate, be of any nationality and need not be resident in Cyprus. For establishing tax residency in Cyprus is it is advisable to use resident directors.
The minimum number of shareholders is one.
+ Company Secretary
- Required – Yes
- Local or qualified – No, but Cyprus advisable for residency and compliance
- Requirement to prepare – Yes
- Audit requirements – Yes
- Local Auditor – Yes
- Requirement to file accounts – Yes
- Publicly accessible accounts – No
- Requirement to file annual return – Yes
- Change in domicile permitted – No
When wholly foreign owned, a private company is referred to as an International Business Company.
+ Authorised and Issued Share Capital
- Standard currency – Euro
- Permitted currencies – Any
The share capital may be expressed in Euros or in any other currency. The usual authorised share capital of a Cyprus IBC company is € 5,000 and the minimum issued capital is € 1,000.
- Local required – No, but advisable for purposes of tax residency
- Location of meetings – Anywhere, but Cyprus advisable for purposes of tax residency
+ Classes of Shares Permitted
Registered shares of par value, preference shares, redeemable preference shares and shares with no voting rights.
- Minimum number – One
+ In Resume
Cyprus, one of the smallest European low tax jurisdictions, is a suitable place for locating an intermediary company due to the island’s combination of tax treaties and low-tax regime. Dividends can flow through the Cyprus company totally tax free and the company can be used to take advantage of the extensive network of double tax treaties.
Packages and Prices
The cheapest option – accountancy support, free business consultant and much more.
A special package that includes a Business Company plus fully functioning bank.
Includes all services of Business Package plus full Nominee Services, Director and Shareholder.
How can we help you?
Should you have any question, our Business Development Managers team will be ready to guide and assist you!